Published on 12/2/2022 in the Prospect News Structured Products Daily.
New Issue: Citigroup sells $280,000 5.9% equity-linked securities on S&P, Russell, Nasdaq
Chicago, Dec. 2 – Citigroup Global Markets Holdings Inc. priced $280,000 of equity-linked securities due March 21, 2025 tied to the worst performing of the S&P 500 index, the Russell 2000 index and the Nasdaq-100 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes are guaranteed by Citigroup Inc.
The notes carry a coupon of 5.9% per year, payable monthly.
If each index finishes at or above 60% of its initial level, the payout at maturity will be par.
Otherwise, investors will be fully exposed to the decline of the worst performer from its initial level.
Citigroup Global Markets Inc. is the underwriter.
Issuer: | Citigroup Global Markets Holdings Inc.
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Guarantor: | Citigroup Inc.
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Issue: | Equity-linked securities
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Underlying indexes: | S&P 500 index, Russell 2000 index, Nasdaq-100 index
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Amount: | $280,000
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Maturity: | March 21, 2025
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Coupon: | 5.9% per year, payable monthly
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Price: | Par
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Payout at maturity: | If each index finishes at or above barrier, par; otherwise, full exposure to decline of worst performer from initial level
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Initial levels: | 4,463.12 for S&P, 2,086.143 for Russell, 14,420.08 for Nasdaq
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Barrier levels: | 2,677.872 for S&P, 1,251.686 for Russell, 8,652.048 for Nasdaq; 60% of initial levels
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Pricing date: | March 18
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Settlement date: | March 23
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Underwriter: | Citigroup Global Markets Inc.
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Fees: | 0.6%
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Cusip: | 17330AJ37
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